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Level 1
March 2, 2022
Question

Splitting Business expenses

  • March 2, 2022
  • 1 reply
  • 1 view

I have a father and son who own 50% each of a small flooring business. I want to enter all the expenses on the T2125 where I have said they are 50 - 50 and I have coupled their tax forms. I do not want to type all the expenses twice. How do you transfer them to the other person tax papers

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1 reply

Level 4
March 3, 2022

On T2125 click edit and then Copy Form and then go to Partners file open a T2125 click edit and Paste form